Canadian Mint limits sales of silver Maple Leafs, U.S. Mint suspends sales

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It seems investors are getting their hands on a lot of silver, which surpassed the $30 mark last week. The Royal Canadian Mint (RCM) is limiting sales of 2013 Silver Maple Leaf (SML) bullion coins, while the United States Mint has suspended sales … [Read more...]

Sales of gold, silver coins on track to hit record monthly highs in January

Bullion - Photo by: Andrew Moran

Since the start of 2013, sales of gold and silver coins have surged in the United States because investors are seeking to protect their wealth and investments from a possible economic collapse, runaway inflation and potential default on the nation’s … [Read more...]

Illinois looking to register gold and silver transactions in legislation

EO

Last spring, the Illinois state legislature introduced SB3341 “Precious Metal Purchasing Act,” a bill that would require the registration and even tracking of all purchases of precious metals. The legislation would order a person to obtain proof of … [Read more...]

Germany planning to repatriate gold from New York Fed, French central bank

Gold

The German daily Handelsblatt reported Tuesday that the Bundesbank, the nation’s central bank, will be withdrawing billions in gold held at the New York Federal Reserve, Bank of England and the Banque de France. The purpose is to deposit more of its … [Read more...]

World Gold Council: Gold demand to rise in global transition to multi-currency reserve system

World-Gold-Council

In an Official Monetary and Financial Institutions Forum (OMFIF) report commissioned by the World Gold Council (WGC), it was projected that demand for gold would likely rise in 2013 as the world shifts toward a multi-currency reserve system due to … [Read more...]

Selling gold to deal with debt ceiling crisis being talked about

gold-paper

Since the idea of minting a $1 trillion platinum coin to evade the debt ceiling has been officially rejected, there has been another concept floating around to sell a portion of the Treasury’s 261.5 million ounces of gold in Fort Knox, Kentucky. With … [Read more...]